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20231218 - 001 - 01

Nasdaq 100 Forecast: QQQ rises post-Fed, Apple reports after the close

US stocks are set to open higher as the market digests the latest Federal Reserve meeting and looks ahead to tomorrow's non-far payroll report. The Fed left rates on hold and calmed worries of a rate hike. However, Fed chair Powell also warned that rates would stay high for longer. Apple is due to report after the close amid concerns over iPhone sales and China.

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Yesterday 02:29 PM
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Another BOJ intervention may have just stole the show from the Fed

It was the Japanese yen which stole the show after Jerome Powell’s press conference, with USD/JPY falling over 450 pips on another suspected BOJ intervention.

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Nasdaq 100 Forecast: QQQ falls despite AMZN earnings & ahead of the Fed

US stocks are pointing to a lower start in cautious trade ahead of the Federal Reserve interest rate decision. The Fed is expected to leave rates unchanged as inflation rose across the first quarter and as the jobs market remains resilient. ADP payrolls were stronger than expected. Fed jitters are overshadowing results from Amazon, which beat forecasts.

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May 1, 2024 02:18 PM

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US dollar ‘bull’ dog unleashed, AUD/USD crushed on eve of Fed: Asian Open

A surprise rise in US wage pressures weighed on sentiment on the eve of the Fed meeting, sending the US dollar broadly higher, Wall Street lower as AUD/USD suffered its second worst day of the year.

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April 30, 2024 11:08 PM
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S&P 500 Forecast: SPX falls & is on track to decline across April

Stocks are set to open lower and are set to fall across April, marking the first monthly decline since October. The selloff in stocks comes as the market frets over sticky inflation and the prospect of higher rates for longer. Today, the Fed kicks off its 2-day FOMC meeting and no change in rates is expected at the announcement tomorrow. Amazon will report after the close.

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April 30, 2024 02:24 PM
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US dollar, yields look set to close the gap with commodities

Momentum turned higher for the US dollar on Friday and the US 2-year is reconsidering a break above 2%, which could see them close the gap with the CRM commodities index - which have led both markets higher this year.

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S&P 500 Analysis: SPX rises after more tech earnings & despite sticky inflation

US stocks are set to open higher after impressive numbers from Alphabet and Microsoft. Meanwhile, US core PCE, the Fed's preferred gauge for inflation, was hotter than expected at 2.8% YoY, which is in line with February. Personal spending was stronger than expected. The data supports the view that the Fed is in no rush to cut rates. The central bank meets next week.

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April 26, 2024 02:25 PM
20231218 - 001 - 01

Dow Jones Analysis: DJIA falls after Meta disappoints, inflation rises

Meta beat earnings and revenue forecasts with EPS of $4.71 on revenue of $36.46 billion. However, the share price has slumped after weaker revenue guidance and higher spending plans. The selloff has hit sentiment and dragged other tech stocks lower. Meanwhile, the US Q1 GDP was weaker than expected, at 1.6%, annualised. However, core PCE inflation rose more than expected across the quarter. The Dow Jone analysis sees the price testing support at 38000,

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April 25, 2024 02:12 PM
20231218 - 001 - 01

S&P 500 Forecast: SPX rises with earnings in focus, Tesla jumps

Stocks are pointing to a modestly higher start as earnings continue to roll in. However, gains could be limited after stronger-than-expected US durable goods orders revived concerns over the Fed keeping rates high for longer. Tesla is set to open 12% higher despite missing both earnings and revenue estimates. The market was more impressed by the news of an acceleration in the production of affordable EV models. Meta will report after the close.

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April 24, 2024 02:23 PM
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US dollar correction kicks in, AUD/USD firm ahead of CPI: Asian Open

The US 2-year bond yield remains support, which is capping the yield at 5% and weighed on the US dollar. And that helped AUD/USD rise for a second day ahead of a key AU CPI report.

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US dollar stumble a tremor before the true FX earthquake hits

If you’re waiting for economic events outside the United States to spark the next wave of currency market volatility, you’re looking in the wrong place. Because in the absence of a black or grey-swan type event, it will almost certainly come from within the United States.

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April 24, 2024 12:01 AM
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Nasdaq 100 Forecast: QQQ rises ahead of Tesla earnings

US indices point to a stronger start as corporate earnings continue to roll in. Earnings are providing a welcomed distraction after worries over the Fed keeping rates high for longer hurt sentiment last week. US PMI data is due shortly and is expected to show business activity grew at a faster pace. Tesla is due to report after the close after the EV maker's deliveries fell in Q1 and as the share price trades down 40% this year.

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GBP/USD, EUR/USD forecast: Here’s why the US dollar rally has stalled

The US dollar rally has stalled, and the longer is fails to extends its gains the greater the odds of a pullback. For today, flash PMIs have placed GBP/USD and EUR/USD into focus.

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S&P 500 Forecast: SPX steady with Middle East tensions & Netflix in focus

US stocks are set for a mixed open as Iran downplays Israel's attack, helping fears fade. Futures recovered earlier losses, and oil gave back earlier losses. Netflix reported stronger-than-expected Q1 earnings and revenues but is set to fall on the open after revenue guidance for the current quarter was modestly weaker than expected.

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April 19, 2024 02:23 PM
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US dollar taps 106 as US 2yr eyes break of 5%, gold rangebound: Asian Open

The US dollar index recouped some of Wednesday's losses and is now tapping 106, whilst the US 2-year yields considers a break above 5%.

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April 19, 2024 12:27 AM
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Nasdaq 100 Forecast: QQQ rises as chip stocks rebound, Netflix earnings in focus

US stocks are inching higher after recent losses as chip stocks rebound following impressive earnings from TSMC and despite jobless claims coming in stronger than expected. TSMC is considered a bellwether for chip stocks, so the upbeat earnings have helped the sector, which had fallen in recent weeks. Attention is now turning to Netflix earnings after the closing bell.

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April 18, 2024 02:06 PM
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US dollar ponders correction as bond prices approach support

The US dollar has risen around 6% from the late December low. And with bond prices approaching support which could send yields lower, the US dollar rally could at least find some headwinds - if not a retracement.

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April 18, 2024 07:20 AM

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20231218 - 001 - 01

Nasdaq 100 Forecast: QQQ inches higher ahead of Fed speakers

US stocks are inching higher with corporate updates in focus, and after US Fed Chair Powell dampened rate cut expectations. More Fed officials will speak today, and more hawkish commentary could impact sentiment. The market is currently pricing in a 40% probability of a July rate cut. United Airlines flies higher after encouraging results.

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April 17, 2024 02:13 PM
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S&P 500 Forecast: SPX inches higher ahead of Powell

US stocks are set to open modestly higher in cautious trade ahead of a speech by Federal Reserve Chair Jerome Powell. US treasury yields rose to the highest level since November, a day after stronger-than-expected US retail sales data, which could limit the upside for stocks. Earnings from Bank of America and Morgan Stanley were better than expected.

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April 16, 2024 02:15 PM
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Dow Jones Forecast: DJIA rises as risk sentiment improves

US stocks are set to open higher on Monday after steep losses last week. Following an attack by Iran on Israel over the weekend and comments from the US that it will not support a retaliatory attack by Israel, the market has calmed. Geopolitical developments will remain a key focus this week. US retail sales came in stronger than forecast, supporting the view that the Fed will keep rates high for longer. Goldman Sachs is set to rise after earnings.

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April 15, 2024 02:14 PM
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USD/JPY forecast: New threat emerges as biggest risk to the rally

Sitting at 34-year highs and with market positioning nearing extreme levels, further USD/JPY upside is likely predicted on two factors this week: ongoing US economic exceptionalism and no dramatic escalation in Middle Eastern geopolitical tensions.

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April 15, 2024 04:08 AM
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S&P500 Forecast: SPX falls as banks kick off Q1 earnings season

US stocks open lower as traders have plenty to worry about- rising concerns over geopolitical tensions in the Middle East, hotter-than-expected inflation this week, and some disappointment from the banks as they kick off earnings season. Riskier assets such as stocks are under pressure amid fears that Iran could attack Israel this weekend. Meanwhile, safe haven Gold rose to a fresh record high, and the USD rallies.

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April 12, 2024 02:38 PM
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DJIA Forecast: DJIA recovers some losses after PPI data

US stocks have steadied after yesterday's deep selloff. Mixed PPI data appears to have taken the edge off yesterday's hotter-than-forecast inflation data. US PPI eased by more than expected on a monthly basis but rose by more than expected on an annual basis. Meanwhile, US jobless claims were relatively unmoved, highlighting the ongoing resilience in the labour market. Elsewhere, the ECB left interest rates on hold at 4%.

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April 11, 2024 02:11 PM